Esperanza Inc is located in Cleveland, OH. The organization was established in 1984. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2021, Esperanza Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Esperanza Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Esperanza Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.9m during the year ending 09/2021. While expenses have increased by 1.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESPERANZA, INC.'S MISSION IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF HISPANICS IN GREATER CLEVELAND, OHIO BY SUPPORTING STUDENTS TO GRADUATE HIGH SCHOOL & PROMOTING POST-SECONDARY EDUCATIONAL ATTAINMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH LEADERSHIP PROGRAMS PROVIDE STUDENTS IN GRADE 6-12 WITH LEADERSHIP OPPOTUNITIES AND PROGRAMMING DESIGNED TO HELP STUDENTS ACHIEVE ACADEMICALLY AND IN LIFE. BY ENCOURAGING HEALTHY LIFE SKILLS THROUGH HANDS-ON DEVELOPMENT AND SERVICE ACTIVITIES, THESE REAL-WORLD EXPERIENCES OFFER VALUABLE LESSONS FOR CHILDREN AT CRITICAL POINTS IN THEIR LIVES. THE LEADERSHIP PROGRAMS INCLUDE THE HISPANIC YOUTH LEADERSHIP PROGRAM AND THE JUNIOR LEADERSHIP PROGRAM.
FAMILY ENGAGEMENT PROGRAM: BY WORKING WITH PARENTS, ESPERANZA EMPOWERS THEM TO BE THEIR CHILDREN'S "FIRST TEACHERS AND EDUCATES THEM ON NAVIGATING AND ENGAGING THE EDUCATIONAL SYSTEM.
THROUGH THE MENTORING AND TUTORING PROGRAM, ESPERANZA'S STAFF MATCHES STUDENTS WITH ADULTS BASED ON SIMILAR INTERESTS, FIELDS OF STUDY, OR CAREER PATHS. THE MENTORING AND TUTORING PROGRAM INCLUDES ESPERANZA'S LATINA LEADERSHIP ALLIANCE AND ESPERANZA'S LATINO LEADERS FOR AN OUTSTANDING SOCIETY.
SCHOLARSHIP AND OTHER PROGRAMS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Victor Ruiz Excecutive Director | Officer | 45 | $139,836 |
Bobbi Jean Palumbo President | OfficerTrustee | 2 | $0 |
Carmen Castro-Rivera 1st Vice President | OfficerTrustee | 3 | $0 |
Griselda Rondon Treasurer | OfficerTrustee | 3 | $0 |
Pablo Guevara Secretary | OfficerTrustee | 3 | $0 |
Pamela Hobe 2nd Vice President | OfficerTrustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $116,804 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $292,725 |
All other contributions, gifts, grants, and similar amounts not included above | $1,414,121 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,823,650 |
Total Program Service Revenue | $0 |
Investment income | $27 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $164,241 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,023,703 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $94,500 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $144,022 |
Compensation of current officers, directors, key employees. | $31,685 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $893,658 |
Pension plan accruals and contributions | $21,591 |
Other employee benefits | $47,304 |
Payroll taxes | $86,560 |
Fees for services: Management | $0 |
Fees for services: Legal | $813 |
Fees for services: Accounting | $9,850 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $238,138 |
Advertising and promotion | $4,512 |
Office expenses | $42,084 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $129,082 |
Travel | $1,736 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,794 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,423 |
Insurance | $7,836 |
All other expenses | $55,840 |
Total functional expenses | $1,909,755 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $680,683 |
Savings and temporary cash investments | $621,116 |
Pledges and grants receivable | $261,848 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $15,916 |
Net Land, buildings, and equipment | $11,993 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,454 |
Total assets | $1,597,010 |
Accounts payable and accrued expenses | $187,942 |
Grants payable | $0 |
Deferred revenue | $4,640 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $11,977 |
Total liabilities | $204,559 |
Net assets without donor restrictions | $235,271 |
Net assets with donor restrictions | $1,157,180 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,597,010 |
Over the last fiscal year, we have identified 22 grants that Esperanza Inc has recieved totaling $708,319.
Awarding Organization | Amount |
---|---|
Cleveland Foundation Cleveland, OH PURPOSE: IMPROVING HISPANIC EDUCATIONAL OPPORTUNITIES | $447,500 |
Nord Family Foundation Amherst, OH PURPOSE: CONTINUED SUPPORT OF THE POST-SECONDARY INTERNSHIP PROGRAM | $30,000 |
Treu Mart Fund Cleveland, OH PURPOSE: ACADEMIC ENRICHMENT AND SUPPORT PROGRAMS FOR HIGH RISK/HISPANIC YOUTH | $30,000 |
Higley Fund Of The Cleveland Foundation Cleveland, OH PURPOSE: ACADEMIC ENRICHMENT AND SUPPORT PROGRAMS FOR HIGH RISK/HISPANIC YOUTH | $25,000 |
William J & Dorothy K Oneill Foundation Inc Cleveland, OH PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Abington Foundation Cleveland, OH PURPOSE: FOR THE HISPANIC YOUTH LEADERSHIP PROGRAM IN THE 2021-22 SCHOOL YEAR | $20,000 |
Beg. Balance | $359,676 |
Earnings | $77,053 |
Net Contributions | $184,387 |
Ending Balance | $621,116 |
Organization Name | Assets | Revenue |
---|---|---|
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Rev1 Ventures Columbus, OH | $21,187,153 | $10,381,705 |
Integrity Educational Services Grand Rapids, MI | $1,165,431 | $9,051,642 |
Mcelhattan Foundation Pittsburgh, PA | $120,280,311 | $4,922,440 |
Preschool Promise Inc Dayton, OH | $4,299,915 | $8,117,368 |
Bradford-Tioga Head Start Inc Blossburg, PA | $1,137,581 | $6,636,827 |
First Steps Kent Grand Rapids, MI | $2,604,123 | $6,363,440 |
I Know I Can Columbus, OH | $49,678,666 | $6,921,288 |